benjaminfabi
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Hi Meghan If I could have my time again I would definitely sit J and AF papers at the same time. It is basically the same syllabus, but the exams have a slightly different application of the knowledge. You can get a feel for the differences looki…
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Ah that's useful on the howwow, cheers. Expect pre webinar questions! I'll check nextgen too
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Bumping this because I'm interested in who you used for business protection training Dan?
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Hi Andy, You are correct.
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Almost all the planners I work with use in-house low cost passive portfolios, usually 5 or 6 funds. For smaller fund values (like JISAs) they'll use Vanguard Lifestrategy. Mostly these are bought in from a third party - see Cormorant Capital and Alb…
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It's all money out, subject to 5% and chargeable event rules. I did a big tranche of something similar for an adviser who had some legacy Prudential a few years ago. Although they'd not been taking natural income, the original adviser had set the…
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Ruth, I think that's the best you can expect to be able to do with the information you have. I did something very similar here with the maths basically the same as yours.
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Hi, If you're doing an ex-post disclosure then I think it's too simple to do it as you have. Then again, it's how I've done it where it's been the only option. The problem is that as soon as you do it without actual data at the actual points, it'…
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Colin, I'd focus on just using the software for the TVC at NRA, carving out the only remaining transferable benefit he has in the scheme and treating it as its own benefit. You'll need to manually calculate the expected DB pension at age 65 and u…
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Hi, Off the top of my head: * Access to capital? Pretty sure Octopus Choice is unrestricted with no minimum term. * How interest is paid, ie as an income or as a reinvestment and is there a choice * Minimum deposit amount. * Diversificati…
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@ruthiebusybee the RIY can be lower. RIY is a calculation to show what the fees would be worth if they'd been invested. If the client had kept the cash used for fees and the invested portfolio had fallen, they're better off than if the f…
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Thanks Richard, I reached the same conclusion re a clause in the will. messy and flawed. Although IHT is spared through spousal transfer, what if there is no such clause or it is revoked/changed for some reason and the FIB ends up falling into a …
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Great thanks Richard.
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This is a common practice for discounting charges when there is a single fund class with a flat AMC for all investors. Bonus units effectively replace 0.52% of the 1% charge. This is how Royal London's Pension Portfolio operates, although it does…
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As for a pension, the investor can't make a claim to the FSCS in respect of the fund within an offshore bond defaulting on its obligation to investors, because the investor doesn't own the assets. It's further complicated with tax residency of the …
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> @Nath said: > Good question Aron. I have a feeling it will be 'Sally is an adventurous investor, therefore, fixed interest pension does not match ATR' Agree.
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Looks like a lot to go on in that. Quickly skimming through, I'd be thinking about: * BTL property, funding and the taxation and offset of mortgage payments for a HRT, therefore ownership considerations (plus usual pros and cons). * those corp…
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Excellent, Theresa. Great initiative. Thanks
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Hi Colin The original situation ends up with BCE1 funds designated into FAD of £1.05m, after the payment of the LTA charge. At age 75, the relevant BCE is BCE5a: Where a member reaches age 75 with a drawdown pension fund or flexi-access dra…
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Correct. You don't own the assets, the trustees do.
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Depends on the type of sipp and who the claim is against. A pension investor in an insured scheme doesn't own the investments, only a right to the value of them, and has no fscs protection from default of any underlying investment fund manager …
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I used Brand (via a JV with Expert Pensions at the time randomly) and it was very useful. Loads of good pointers on the basics that always crop up and can get you 30 marks in the bag.
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Hi Andy What have you been using up to now? I'm not aware of a free online RIY calculator, but it's not too difficult to work it out yourself from a projection. If I shared anything it was a MiFID RIY calculator, which is a bit different, alth…
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Why not take it as part of the 5% deferred amount? Also, the original loan is a return of capital. It is income only to the extent that there is a chargeable event on the segments. And if you take a partial within all segments' 5% then there is no c…
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Well I think that definitely would fall into the anti avoidance trap, so I wouldn't recommend it.
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Hi, You're correct that an employer payment of £66k would result in excess and a TAA tax charge. You can't work out as individual years because it's a single employer contribution, tested in 2018/19. Seems perverse but that's how it works. (At le…
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Also, don't forget that each payment is a transfer of value for IHT purposes and if there aren't any exemptions available each payment is a PET!
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That's a bad question. You're right, the answer is £0. But as he can't pay £1,000 gross into her pension I'll assume it's £1,000 going in and she'd get £250pm RAS.